HomeMy WebLinkAbout1833 3. To place and contir.;;ousty keep on the b~~'ri+~9s new or hereafter ~~tuate on said land and on al~ Cquipmant end personally covered by thii morig-
~g~, with all premiums thereon pa~d ~n full, fire ins~ranca ~n the usual standxd poiicy fo~m, in a sum approvEd by ~h~ MURIGAGEE, snd windslorm
insurence in the uw~i stendaid po~.cy Fc~m, in a sum approvzd by the MORTGAGEE, in such company or compa~ies es the MORTGAGEE may
direct; and all fire and w~ndstorm insu~ence poGc~es nn any of sa~d build:nge, eny interest Iherein or part thereof, in rhe aggregate wm sforesaid or
in sxcest thereof, shall contain the usual standard mo~!~ ~g?e clause cr such uther clause as ~he Mortgagee may req~:ro, making rhe toss under sa~d poli-
cies, each end every, poyable to ssid MORTGAGEE as :~s inr~•rest may appear, and each and eve~y such po:~cy ahall be promptly ass gned and de~i~ered to
•ny held by said MORTGAGEE as further securrty to said n~ortgage dcbt, and, not less than ten (10) deys in advance oF the exp~r;t~on of each policy, to de-
liver to said MORTGAGEE a renewal thereof, togerher wirh a rcce~pt for the prern~um of such renewal; and there shall be no f~re or wl~~dstorm insurance
placed on any of said buildings, any interest therein or part rhereoF, un!ess in the fom, and w~th ihe loss Fayable as aforzsaid; and in the e~ent any sum
of money becomes pav~bte under such poticy or pa!~cies said MORiGAGEE shall have rhe opt:on ro recaive end apply the san,e on account of the ;ndab~ed-
nesa secured l~ereby or to permir said MORTGAGORS to receive and use it or any part the:cof icr otn•:r pu~poses, v:~~hc~! ih_•~.u; w~~~~~g or ~•„p~ir-
ing any equity, licn or right under or by virt~e of this mortyage; and in the event sa',d MORTGAGORS sha!I for any reason fail to keep tne said premises ao
insured, er fail to delirer promptiy any of said poGcies of insurance to sald MORTGAGEE, or fa~! promptl;r to pay fully any pre~~~~~~n therefor or in any
rospect fai~ to perform, d~scharge, execute, effeU, complete, conply with and abide by this covenant, or any part hareof, said MORTGAGEE may piace a~o
pny for auch imurance or any part thereof w~thout waiving or affecting any opfion, lien, equ~ty, or right under or by virtue af this Mortgage, end the
full amuum of each and every suth payment shall 6e immediately due and payable and shall bea~ interest from the date thereof untii p~id at the rate of
nine per tenrum per annum arrd to~ather wi~h wch inrerest sh~ii be sccured by the lien of ihis morrgage.
4. To permit, commit or sufter no waste, impairmem or dcter~oration of said properfy or any part thereof.
5. To pay all and singular the costs, charges and expenses, induding a reasonable attomey's fee and costs of abst~act~ of title, incurred a pa~d at
eny time by sald MORTGAGEE, beca~se or in the event of the failure an tfie part of the said MORTGAGOR to duly, prompt~y and 4ully perform, d~scharge.
execute, effect, complete, comply with and aD,de by each and every ~he sr~puia!~ons, agraernenrs, cond~iions, and covenants of said prom~ssory note and ih~s
mortgage any or e~ther, and sa~d costs, chargei and expenses, each and eve~y, shail be immedia'~~iy clue and payaule; whether or not there be r,ot~ce d~
mand, attempt to cotiect or suit pend~ng; and the full a~novnt of each and e~ery s~ch payment shali 6ear interes~ from ~he date tnereof until paid af the
rate of nine per centum per ann~m; anc' all said costs, charg¢s and eapznses inturred os paid, toyether •.v~th such intere~t, shall be sec~red by the lien of thi~
mortgage.
6. Thar (a) in the event of ahy breach of this Mortgage or default on the part of the MORTGAGOR, or ~b) in the event any of sa:d aums of money
herein referred to be not pro~npily and fully paid with~n th,~ty (30? days next afr•_r the sa~ne sevcra:iy become due and payable, witho~t dernand or notice,
or (c) in the event each and every the stipulations, agreements, concl~rions and covenants oi sa d pro~~~ssory note an~ thls mortgage any or enher are not
~uiy, promptly and fuily performed, d:scharged, executed, effected, completed, complied w~th and abided Sy, then in e~ther or any such event the said eg-
gregate wm mentioned in said promissory note then remaln~ng ur.paid, with inrere~t accrued, and aii moneys secured 'nereby, shali become dve and pay
eble forthwith, or thereafter, at tRe option of said MORTGAGEE, as fully and comp!etely as if ail of th~ said sums of money were originaliy stipulated
to be pa~d on such day, anything in sa:d prom;ssory nute or in thls Mortgage to the conrrary notwirhstanding; and rhereu~on or thereatte: at the optlon of
said MORTGAGEE, without notice or demand, su~r at law or in equity, therefore or thereafrer beg~n, may be prosecuted as if all moneys secured hereby
had mswred prior ro rts ins~itution.
7. That in ihe event that at the beginning of or at any time pend~ng any a~it UpOn fh~s Morigage, or to foroclose it, or to reform it, or to enforce
payment of any cia;ms hereunder, said MORTGAGeE shai~ apply to the Court having jw~sd.c~~on thereof for the appointmen; of a Receiver, s~ch Court shail
forthwith appoint a receiver of sai~ mortgaged property ail and singular, indud ng a~l and singular the income, p~oius, issues and reven~es irom whatever
aource derived, ecch and every of wh:ch, ir being express.y understood, fs hereby mortgag_d as If :pec~i~cally set forth and desvibed in the granring and
Febendum clauses hereof, and such Receiver shall have all the broad ar,d efiecrive sunct.o~;s ar~d po:~.zrs in anyw~se entrusted by a Court to a Recaiver, ar.d
fuch appoiniment shall be made by svch Co~rt as an admitted equi!y and a matter cf ebsolute r:ght to said h10RiGAGEE, and withcut reference to ihe
edequacy or inadequacy of the val~e of the property mortga~ed or to the sc.vency er insc!vency of sa~d MORTGAGOR or the defendants, and ihat s~ch
rems, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien o~ ey~ity of sz:d MORTGAGEE and the practice of such
Court.
8. To duly, prompNy and fully perform, d~stharge, execu!~, effeU, complete, comply w~th and -ebide by each and every the stipulations, agreements,
tonditiona and covenants ln sa~d promissory note ar.d th!s morrgage set forth.
9. That in the event the ov~nership of the ~nortgaged pren,~ses, nr any part therecf, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, +ts successors and assigns, may, wirhout not~ce to the N•ORTGAOR, deal witn wch successor er wccestor in inte~est with reference ro ihie
mor~gac~e and the debt hereby set~red in the same n~anrer as w~rh Mortgagor withcut in any way vit~rtirg or d~scharg~ng the l.lcrtgagofs' Iiabiiity here-
under or upon the debt hereo~r secured. No sa!e of the pre~T,~ses h_rcoy mortgaged and no forbearan~e on the pari of rhe MORiGAGEE or its s~ccessoro
or assigns and no extension of the time for the eayn,ent of the debt h~reb f secured g~ven by the MORTGAGEE or irs successori or ass~gns, oliall operzte
to release, d~scharge, modify change or affect the original liao~lity of the MORIGAGOP. f~erein, either in whole or in part.
10. It is specifically agreed that time is of the essence of th~s conrract and that no waiver of any o'r,i gatfon hereunder or of the obligation se-
eured hereby snaii at any time thereafter be held to be a v.•aioar of the terms hereof or of the ins~r~rnent secured herby.
1l. I~ add:tio:~ to the forego'ng monrhly poy~*~ents of p•i-.c pal and i~~terest requ~red b~ tF~e prom"ssery no'e secured hereby, mortga~or eovenant~
and ayrees to pay to mongagee ~.~tn each rnon+h'y paf:.:e~:r an ad;i:~~onal sv•n es!,n a~ed b/ rno~tgagee to be equai ro l, 12 of the annual cosr of tne foiiow-
ing:
A-AI! -~al property taxzs le•ncd or assess~u ~g~i• s' th~ ai;ove descr~bcd rea' es!a!a.
B-Pramf~ms on f~re and w~ndsterm insur~n:e as iiere~n rqu;red to be carried cn ihe im;:roveme~ti <_;tuate on th~ abovc d~scribed premises.
C-Prem~un,s o? such n~,orrg~ge guara~ty insurr~ ce as m~'tga3~~e shaii fro•~. t rne to t: .~c de e~ fit to carry on the loan sec:,red hereby.
Mortgagee sh;ii frcm t~me to t;me notify r~.crry.~gcr ~n v:r~t~ng of the an,ov~t d:,n and p~yah'e hereundzr and wch sv~~ sha!I thereupon be due and
Fayable on the due de?e of rhe next month!y payn,~~nt and e~ch s~~co~ss;ve mo•,!h thereaft_r ur.fii mcrtgagee shali not:fy mortgagor of a change in such
amounL S~ch sums sha;l be app!ied by mortgay=e to~~.a~d rhe pay.ment of real property raxes, insvrance prem;ums, a.^.d n-ortgage guaranty insurance
premiums.
IN WITP~E55 WHEREOf, the said MORTGAGCR. has hereu~to set his ho,.d and s~al the day ard year fint aforesald.
" ned, aled and delivered " the re nce of: ~ f,,~
L Y'L.~{.J (5eaf)
_ _ (5eel)
(Sea i)
(Seal)
STATE OF FLORIDA i
} 55.
COUNTY OF _ r t l.~l] C 1 F ~ ~
Before me perscnal!y appeared - `T` G P P~~ n, ~ p end
`.ViP.'.'t' ~1 VG 18 _ his w~fe, to me wel) known and kn~wn to mz to be
!Fe individuals described in and who executed fhe fore oing instrument, and acknowledged before me that thay executed the same for t4e purposes
therein expreseed. And ths said- __'M~ P F ~ 7 ~'C~ 1_ 9
wife of the said Joaer~. Di~Tola _ _ ~po~ a sepa~are and private
exam~nation by :ne taken separate and apart from her said husband, ackr.owledged to and before me that she ezecuted said instrum~rn freely and voluro
ta;ily a~d withou! any comp~lsion, censtraint, apprehens:on, or fear of or from her said h~sbard.
~
WITNESS my har.d end officlal seal this_ 1~~ day or _.Nov~mhar , A. D. 19 _
~ ~,~i~i c-~ - -
Netary Public in and for the State of Florida et large
A(~Ay Commissicn ezpires:
Retum Tm p r(~ Q~CF~ Notary n~ti~.. •,f~f
'ifdU I:~C~f ~I'L' A F~F t,'~ e o` F'er-+.
first Federol Savings a Loan Associat~e r, (/RcCry, p~ Eu CJ.': , 3 at ~~rbe
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